Guideline Value for Muthatamil Street

Muthatamil Street guideline value

The current guideline value of Muthatamil Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Muthatamil Street has changed

In the 2007 revision, the guideline value was Rs 328 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a growth of 205%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The guideline value then rose to Rs 1,000 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has grown by 205%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Muthatamil Street's 2024 figure below this median.

• Muthumariammankovil Street: Rs 1,500 per sq.ft (2024)
• Nagarajapuram: Rs 1,200 per sq.ft (2024)
• M.S.M. Nagar: Rs 1,500 per sq.ft (2024)
• Nandheswarar Avenue: Rs 1,500 per sq.ft (2024)
• Nandheswarar Nagar 1 Street: Rs 1,500 per sq.ft (2024)
• Nandhewarar Nagar 2 Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Muthatamil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Muthatamil Street?

The Muthatamil Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nandhivaram

The guideline value is a crucial factor in the registration process of property transactions in Nandhivaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Muthatamil Street?

The current guideline value of Muthatamil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 328 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then dropping to Rs 670 per sq.ft in 2017, and finally stabilizing at Rs 1,000 per sq.ft in 2023 and 2024.

What is the median guideline value in Nandhivaram?

The median guideline value for streets in Nandhivaram is Rs 1,500 per sq.ft, while Muthatamil Street's 2024 figure is below this median at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for Muthatamil Street?

For a plot of 1,000 sq.ft at the guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles the registration for Muthatamil Street?

The Gooduvancheri Sub Registrar Office handles the registration for Muthatamil Street, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.